Turnover rate
What is turnover rate?
The turnover rate is defined as the percentage ratio of the number of dismissed employees to the average number of employees in the company for the selected period.
The coefficient is one of the most often monitored indicators because every employer wants to know to what extent the staff turnover has increased, what the reasons may be, and how this process affects the company as a whole. Therefore, to calculate the turnover rate, HR professionals often use automated systems that take analytics into account in real time in order to always keep a finger on the pulse of the team.